CHINA OVERSEAS (00688) Reports Revenue of RMB130.4 Billion and Operating Profit of RMB14.49 Billion for the First Three Quarters

CHINA OVERSEAS (00688) Announces 2026 Third Quarter Results. In the third quarter of 2026, as global geopolitical conflicts eased somewhat but remained volatile, China's economy maintained overall stability, macro policies continued to take effect, and development resilience was sustained under pressure. In the third quarter of 2026, China's real estate market continued its adjustment trend, with localized stabilization coexisting with market divergence, upgrade demand continuing to be released, and the core area market further stabilizing and improving. New real estate policies were introduced, which in the long run will help improve market supply and demand and promote market stability. With a sound economic fundamentals and stable mortgage rates, Hong Kong's real estate market remained active in the third quarter of 2026 and entered a period of steady development. The Group continued to focus on tier-one cities with greater safety and certainty, and seized structural opportunities in other key cities. With sound finances and endogenous development resilience that balances offense and defense, the Group is confident in achieving sustainable, steady and high-quality development. From January to September 2026, the Group, together with its associates and joint ventures, achieved contracted property sales of RMB181.04 billion, up 6.2% year on year, with corresponding sales area of 6.12 million square meters, down 19.2% year on year. In the third quarter of 2026, the Group acquired 14 new land parcels in 7 cities in mainland China and Hong Kong, with total planned gross floor area of 2.16 million square meters, attributable gross floor area of 1.98 million square meters, total land cost of RMB49.22 billion, and attributable land cost of RMB48.49 billion. In the third quarter of 2026, the Group's revenue was RMB32.8 billion and operating profit was RMB1.95 billion. For the nine months ended September 30, 2026, the Group's revenue was RMB130.4 billion and operating profit was RMB14.49 billion. The Group continued to maintain a sound financial position and strong cost advantages, with its net gearing ratio and financing costs remaining in the lowest range in the industry.